Oklahoma integrates financial literacy into existing courses rather than requiring a standalone class. The state has 93 financial literacy standards across 15 topic areas that are embedded within subjects like economics and social studies.
Last updated: March 2026
Does Oklahoma Require Financial Literacy Education?
Yes, through integration. Oklahoma requires financial literacy concepts to be taught within existing courses rather than as a standalone class. Oklahoma integrates financial literacy content throughout the K-12 curriculum, particularly in mathematics and social studies standards. Personal finance and consumer economics are embedded in secondary business and economics courses rather than as a standalone requirement.
Mandate Details
- Status
- integrated
- Standalone Course
- No
- Grade Levels
- K-5, 6-8, 9-12
- Legislation
-
70 O.S. § 11-103.6h (Passport to Financial Literacy Act, enacted via HB 1476, Laws 2007 c.173) (2007-07-01)
HB 2158 (2024, amending 70 O.S. § 11-103.6h) (2025-07-01)
Key Agencies
What Are Oklahoma's Financial Literacy Standards?
Oklahoma has 93 financial literacy standards organized across 15 topic areas. These topics range from Credit & Debt and Banking & Payments to Financial Systems & Regulation, covering the full spectrum of personal finance education.
How Oklahoma School Districts Adopt Financial Literacy Curriculum
Oklahoma is a state adoption state, meaning curriculum must appear on a state-approved list before districts can purchase it with state funds. Oklahoma is a mandatory adoption state where the State Board of Education adopts approved instructional materials for use in public K-12 schools.
Purchasing Process
The Oklahoma State Board of Education maintains official adoption lists for approved instructional materials. Districts must select from state-approved materials, though they have choice within the approved list.
Decision Level
The State Board of Education adopts approved materials at the state level, but individual school districts select which approved materials to purchase for their classrooms.
Textbook Adoption Cycle
6 years
Mathematics, English Language Arts, Science, Social Studies, and elective areas
Oklahoma follows a rotating adoption cycle with different subject areas reviewed on a staggered schedule. Districts are notified well in advance of upcoming adoption windows for specific subjects.
Cooperative Purchasing Options
Curriculum That Meets Oklahoma's Financial Literacy Standards
Districts looking for a standards-aligned financial literacy curriculum can use iKnowFi Academy — a self-paced, online platform built on the Absorb LMS that maps directly to Oklahoma's learning objectives. iKnowFi Academy covers 83 of 93 standards (89.2% coverage) across 10 courses.
Oklahoma Standards Coverage
89.2%Aligned Courses
Borrowing Money
Establishing Credit
Financial Building Blocks
Financial Preparation and Recovery
Making Housing Decisions
Managing Your Debt
Managing Your Money
The Importance of Saving
Using Credit Cards
Your Financial Future
Oklahoma's Financial Literacy Standards & iKnowFi Academy Alignment
All 93 standards — 83 covered by iKnowFi Academy.
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 7.1 | Compare sources and products related to borrowing money. | 7-12 | Borrowing Money |
| PFL 7.1 | Identify sources of credit (e.g., banks, credit unions, retail businesses, private lenders, and the federal government). | 7-12 | Borrowing Money |
| PFL 7.1 | Describe various credit products (e.g., credit cards, car loans, and mortgages). | 7-12 | Borrowing Money |
| PFL 7.2 | Analyze how one’s credit history impacts borrowing money and maintaining credit. | 7-12 | Establishing Credit |
| PFL 7.2 | Explain the importance of establishing a positive credit history (e.g., favorable interest rates, employment, and financial opportunities). | 7-12 | Establishing Credit |
| PFL 7.2 | Describe how credit reports compiled by credit bureaus are used to determine creditworthiness. | 7-12 | Establishing Credit |
| PFL 7.2 | Identify the information contained in a credit report and how to access a free credit report. | 7-12 | Establishing Credit |
| PFL 7.2 | Explain that a credit score is a numeric rating assessing an individual’s credit risk based on information from their credit report. | 7-12 | Establishing Credit |
| PFL 7.2 | Identify factors that affect a credit score, such as payment history, credit utilization, amount owed, length of credit history, debt owed, and types of credit used. | 7-12 | Establishing Credit |
| PFL 7.3 | Describe the process of borrowing money. | 7-12 | Borrowing Money |
| PFL 7.3 | Identify factors involved in borrowing (e.g., credit history, credit report, debt to income ratio, loan to value ratio, and length of employment). | 7-12 | Borrowing Money |
| PFL 7.3 | Explain how the terms of borrowing (e.g., interest rates, APR, fees, repayment schedules, terms, and conditions) affect the cost of borrowing. | 7-12 | Borrowing Money |
| PFL 7.3 | Compare types of credit, including revolving and installment credit, and collateralized loans versus unsecured loans. | 7-12 | Borrowing Money |
| PFL 7.3 | Differentiate between standard loan practices and predatory lending practices, such as rapid tax return and payday loans. | 7-12 | Borrowing Money |
| PFL 7.4 | Analyze the responsibilities and consequences of borrowing money. | 7-12 | Managing Your Debt |
| PFL 7.4 | Explain why responsible borrowers monitor their credit reports and how errors can be corrected. | 7-12 | Establishing Credit |
| PFL 7.4 | Describe the impact of non-repayment of debt on individuals, families, businesses, and the broader economic system. | 7-12 | Managing Your Debt |
| PFL 8.1 | Evaluate the costs and benefits of using credit cards for purchasing goods and services. | 7-12 | Using Credit Cards |
| PFL 8.1 | Explain how interest rates and fees impact the cost of using credit cards. | 7-12 | Using Credit Cards |
| PFL 8.1 | Describe options for payment on credit cards, such as minimum payment, delayed payment, and payment in full. | 7-12 | Using Credit Cards |
| PFL 13.1 | Analyze the costs and benefits of bankruptcy as a last resort for individuals and families facing financial challenges. | 7-12 | Managing Your Debt |
| PFL 13.2 | Explain ways to avoid bankruptcy and identify alternatives to bankruptcy (e.g., budget management, debt management, refinancing, and financial counseling). | 7-12 | Managing Your Debt |
| PFL 13.3 | Describe the importance of reestablishing a positive credit history and recommended steps for improving a credit score after bankruptcy. | 7-12 | Establishing Credit |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 3.1 | Compare common financial service providers used by consumers to responsibly manage their assets (e.g., banks, mortgage companies, credit unions, brokerage firms, and finance companies). | 7-12 | Managing Your Money |
| PFL 3.2 | Identify common financial products (e.g., checking, contactless payment systems, credit cards, savings, loans, investments, and insurance). | 7-12 | Managing Your Money |
| PFL 3.2 | Describe available consumer banking technologies (e.g., Automated Teller Machines, mobile apps, digital wallets, and online banking). | 7-12 | Managing Your Money |
| PFL 3.3 | Explain the difference between banked and unbanked individuals, including the consequences of being “unbanked” (e.g., financial insecurity and access to credit). | 7-12 | The Importance of Saving |
| PFL 4.1 | Identify the steps necessary for opening and maintaining a checking and savings account. | 7-12 | Managing Your Money |
| PFL 4.1 | Explain the reasons for balancing personal records and reconciling an account statement. | 7-12 | Managing Your Money |
| PFL 4.1 | Analyze the purpose of maintaining accurate financial accounts. | 7-12 | Managing Your Money |
| PFL 4.2 | Describe how funds can be added and withdrawn from financial accounts (e.g., direct deposit, mobile deposit, teller deposit, debit withdrawals, and ATMs). | 7-12 | Managing Your Money |
| PFL 4.2 | Demonstrate the ability to perform basic account management skills, including correctly writing, endorsing, and depositing checks. | 7-12 | Managing Your Money |
| PFL 4.2 | Explain how to manage financial accounts (e.g., reading and reconciling statements, navigating online platforms and apps). | 7-12 | Managing Your Money |
| PFL 4.2 | Describe the potential consequences of account mismanagement, such as non-sufficient funds, overdraft processing, and associated fees. | 7-12 | Managing Your Money |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 1.1 | Explain how costs and benefits determine the achievement of personal financial goals. | 7-12 | Managing Your Money |
| PFL 12.1 | Identify common types of gambling available to consumers and explain the probabilities of winning at games of chance. | 7-12 | — |
| PFL 12.2 | Evaluate the impact of gambling on the economic development of local, tribal, and state communities, including revenue, employment, and tourism. | 7-12 | — |
| PFL 12.3 | Analyze the costs of gambling on individuals and society (e.g., financial situation, addictive behavior, and missed work). | 7-12 | — |
| PFL 14.1 | Explain civic responsibilities and opportunities related to charitable giving. | 7-12 | — |
| PFL 14.1 | Describe reasons why individuals engage in charitable giving, such as personal reward, community improvement, and tax deduction. | 7-12 | — |
| PFL 14.1 | Compare different ways in which individuals can donate to charity, including monetary gifts, gifts-in-kind, and volunteer service. | 7-12 | — |
| PFL 14.2 | Analyze the importance of charitable giving. | 7-12 | — |
| PFL 14.2 | Describe the impact of charitable giving on the entity receiving the gift, such as improved quality of life and emergency relief. | 7-12 | — |
| PFL 14.2 | Analyze the impact of charitable giving on the community at large, including local development and improved standard of living. | 7-12 | — |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 1.3 | Identify factors that can affect income by describing the basic components of a paystub, including gross pay, net pay, and deductions (e.g., federal and state income tax, FICA, and voluntary deductions). | 7-12 | Financial Building Blocks |
| PFL 2.1 | Analyze the obligation of paying taxes and how individuals, as well as communities, might benefit from taxes. | 7-12 | Financial Preparation and Recovery |
| PFL 2.1 | Identify and explain various types of taxes, including income, payroll, sales, and property taxes, and when these types of taxes are due. | 7-12 | Financial Preparation and Recovery |
| PFL 2.1 | Describe some of the uses for taxation at the local, state, and federal levels (e.g., infrastructure, public safety, and courts of law). | 7-12 | Financial Preparation and Recovery |
| PFL 2.2 | Describe the individual importance of meeting one’s tax obligations. | 7-12 | Financial Preparation and Recovery |
| PFL 2.2 | Explain the requirements to file taxes and compare basic tax forms, such as W2, W4, and 1040. | 7-12 | Financial Building Blocks |
| PFL 2.2 | Identify possible consequences of failing to meet tax obligations (e.g., fees, penalties, interest, garnishment of wages, and imprisonment). | 7-12 | Financial Preparation and Recovery |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 6.1 | Analyze the necessity of planning and saving for retirement. | 7-12 | Your Financial Future |
| PFL 6.1 | Identify costs of retirement such as living expenses, health care, and long-term care, based on life expectancy. | 7-12 | Your Financial Future |
| PFL 6.1 | Explain how beginning to save or invest at different stages of life or over different periods of time significantly impact financial preparedness for retirement. | 7-12 | Your Financial Future |
| PFL 6.2 | Evaluate various sources of income for retirement. | 7-12 | Your Financial Future |
| PFL 6.2 | Compare government and employer-sponsored retirement plans, such as Social Security and 401(k) accounts. | 7-12 | Your Financial Future |
| PFL 6.2 | Identify various personal investments, such as IRAs, and describe how they can provide financial resources for retirement. | 7-12 | Your Financial Future |
| PFL 6.2 | Explain that entrepreneurs and self-employed individuals may be responsible for generating their own retirement income, as opposed to government or employer-sponsored plans. | 7-12 | — |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 3.2 | Explain the risks and protections associated with checks, debit cards, credit cards, online and mobile payment systems. | 7-12 | Financial Preparation and Recovery |
| PFL 8.2 | Analyze the advantages and disadvantages of online commerce, including how to conduct transactions safely. | 7-12 | Financial Preparation and Recovery |
| PFL 9.1 | Differentiate between consumer fraud and identity theft, including common methods used to steal one’s identity, such as dumpster diving, hacking, and social media. | 7-12 | Financial Preparation and Recovery |
| PFL 9.2 | Describe ways to protect yourself from identity theft and fraudulent practices (e.g., monitor monthly financial statements and annual credit reports (+1 more)
|
7-12 | Financial Preparation and Recovery |
| PFL 9.3 | Explain necessary responses if victimized by fraudulent business practices or identity theft (e.g., alert appropriate law enforcement agencies and credit bureaus, freeze credit histories, and change passwords). | 7-12 | Financial Preparation and Recovery |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 7.4 | Identify consumer responsibilities, rights, and remedies, including fair debt collection practices protected by law. | 7-12 | Managing Your Debt |
| PFL 9.1 | Analyze how consumers can become victims of deceptive practices that significantly impact their financial well-being. | 7-12 | Financial Preparation and Recovery |
| PFL 9.1 | Identify various types of consumer fraud, such as medical fraud, imposter schemes, forgery, pyramid schemes, and false billing. | 7-12 | Financial Preparation and Recovery |
| PFL 9.1 | Describe common methods used by criminals to commit fraud (e.g., bait and switch, skimming, changing address, and phishing). | 7-12 | Financial Preparation and Recovery |
| PFL 14.3 | Describe how to evaluate the authenticity of charitable organizations by identifying recipients, allocation of resources, and activities, based on information from watchdog organizations and regulatory agencies. | 7-12 | Financial Preparation and Recovery |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 10.1 | Explain the advantages and disadvantages of renting versus buying a home by comparing how various housing options meet different needs and wants. | 7-12 | Making Housing Decisions |
| PFL 10.2 | Describe the elements and terms of a standard lease agreement (e.g., deposit, due date, grace period, late fees, and utilities). | 7-12 | Making Housing Decisions |
| PFL 10.3 | Analyze financial considerations when purchasing a place to live. | 7-12 | Making Housing Decisions |
| PFL 10.3 | Identify types of lenders and mortgage loans, including fixed versus adjustable-rate mortgage loans. | 7-12 | Making Housing Decisions |
| PFL 10.3 | Explain the elements of a mortgage (e.g., down payment, escrow account, home insurance, property taxes, late fees, potential early payment penalties, and amortization tables). | 7-12 | Making Housing Decisions |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 11.1 | Describe common risks to individuals, their property and investments, caused by situations such as illness, accidents, and natural catastrophes. | 7-12 | Financial Preparation and Recovery |
| PFL 11.2 | Explain the importance of insurance as a risk management strategy used by financially responsible individuals. | 7-12 | Financial Preparation and Recovery |
| PFL 11.2 | Describe common types of insurance purchased by consumers, such as health, property, life, disability, automobile, and renter’s insurance. | 7-12 | Financial Preparation and Recovery |
| PFL 11.2 | Identify different methods for obtaining health insurance, including employer-provided plans, government plans, and private purchase. | 7-12 | Financial Preparation and Recovery |
| PFL 11.3 | Evaluate appropriate amounts of insurance to meet one’s needs and budget including how insurance deductibles work. | 7-12 | Financial Preparation and Recovery |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 1.3 | Differentiate between needs and wants in order to develop short, medium, and long-term goals that are specific, measurable, attainable, realistic, and time-based. | 7-12 | Managing Your Money |
| PFL 1.4 | Identify the components of a personal/family budget (e.g., income, savings/investments, taxes, emergency fund, expenses, and charitable giving) based on specific goals (e.g., financial, personal, educational, and career). | 7-12 | Financial Building Blocks |
| PFL 1.5 | Explain how fiscally responsible individuals use various strategies and spending plans for tracking their income and expenses, both anticipated and unanticipated. | 7-12 | Financial Building Blocks |
| PFL 14.1 | Describe how charitable giving can fit into one’s spending plan. | 7-12 | Financial Building Blocks |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 5.1 | Explain reasons for saving and investing (e.g., major purchases, education, and emergencies) as strategies used for meeting financial goals and building wealth over the short or long term. | 7-12 | The Importance of Saving |
| PFL 5.2 | Describe the costs and benefits of various savings options, such as bank savings accounts, certificates of deposit, and money market mutual funds. | 7-12 | The Importance of Saving |
| PFL 5.2 | Compare simple and compound interest. | 7-12 | The Importance of Saving |
| PFL 5.2 | Explain and give examples of the power of compound interest over time, including why saving and investing at an earlier age leads to far greater financial outcomes later in life, on average. | 7-12 | The Importance of Saving |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 1.1 | Analyze how income, career choice, and entrepreneurship impact an individual’s financial plan and goals. | 7-12 | Your Financial Future |
| PFL 1.1 | Evaluate the relationship between a person’s human capital (education, skills, training, interests, initiative) and their earning potential. | 7-12 | Your Financial Future |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 1.2 | Identify the purpose of the Free Application for Federal Student Aid (FAFSA) in determining eligibility for grants, scholarships, and loans, as well as the essential information needed to apply. | 7-12 | Your Financial Future |
| PFL 7.1 | Compare sources of student loans (U.S. Department of Education versus private banks and credit unions) regarding eligibility, interest rates, and terms of repayment. | 7-12 | Borrowing Money |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 5.2 | Identify the risk, return, and liquidity aspects of various investment options, such as stocks, bonds, mutual funds, and precious metals, including how diversification can help manage risk. | 7-12 | Your Financial Future |
| PFL 5.2 | Explain how various financial investments align with financial goals, risk tolerance, and personal needs at different life stages, including how inflation affects investment growth. | 7-12 | Your Financial Future |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| PFL 3.2 | Describe the role of the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) to protect consumers’ assets to a specified amount in commercial banks, savings banks, and credit unions. | 7-12 | Managing Your Money |
Oklahoma Financial Literacy FAQ
Oklahoma integrates financial literacy into existing courses rather than requiring a standalone class.
Oklahoma integrates financial literacy content throughout the K-12 curriculum, particularly in mathematics and social studies standards. Personal finance and consumer economics are embedded in secondary business and economics courses rather than as a standalone requirement.
Oklahoma's financial literacy requirements are established by 70 O.S. § 11-103.6h (Passport to Financial Literacy Act, enacted via HB 1476, Laws 2007 c.173) and HB 2158 (2024, amending 70 O.S. § 11-103.6h).
Established the Passport to Financial Literacy program requiring students in grades 7-12 to complete instruction in 14 areas of personal financial literacy as a graduation requirement. Requires students to complete a half-unit of personal financial literacy coursework in 10th, 11th, or 12th grade, adding topics such as retirement planning, investing, credit scores, mortgage loans, and online banking; the coursework may be integrated into an existing class or taught as a standalone course.
Oklahoma's financial literacy standards apply to grades K-5, 6-8, 9-12. Standards are integrated into existing coursework.
Oklahoma has 93 financial literacy standards spanning 15 topic areas including Credit & Debt, Banking & Payments, Taxes, Retirement Planning, Identity Theft & Cyber Safety.
Oklahoma's 93 standards are organized across 15 topics: Credit & Debt, Banking & Payments, Taxes, Retirement Planning, Identity Theft & Cyber Safety, Consumer Protection & Fraud, Housing & Mortgages, Insurance & Risk Management, Budgeting & Cash Flow, Saving, Earning Income, Postsecondary Financing, Investing, Financial Decision-Making & Behavior, Financial Systems & Regulation.
Oklahoma uses a state adoption process. Districts select from a state-approved vendor list.
The Oklahoma State Board of Education maintains official adoption lists for approved instructional materials. Districts must select from state-approved materials, though they have choice within the approved list.
iKnowFi Academy covers 83 of Oklahoma's 93 financial literacy standards (89% coverage) across 10 self-paced online courses.
Each course is aligned to Oklahoma's specific learning objectives, built on the Absorb LMS, and includes built-in assessments. Teachers assign them and students work independently.
Get Your Free Oklahoma Standards Alignment Report
See exactly how iKnowFi Academy maps to each of Oklahoma's 93 financial literacy standards — standard by standard, module by module.
- 83 of 93 standards covered
- 10 self-paced courses, ready to assign
- Built-in assessments and progress tracking
- No schedule changes needed — students work independently
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